Awesome meetup PUBKEY (npub1key…lt3h) with the Breez (npub1mu7…j5cl) and 1A1z (npub1jxs…npr2) team.
Topic of the evening: Bitcoin as a Medium of Exchange.
One of the general consensus seems to be that bitcoin is too volatile to be a MOE as of now.
This brings me back to the root of Bitcoin. The primary incentive for Satoshi’s time spent creating the Bitcoin technology.
When we think about the purpose of Bitcoin- To transact in a peer to peer open verifiable decentralize network
When we think about the value you of bitcoin- the would be value of the fiat currency you hold IF it was real money.
Which brings us to bitcoins volatility. Imagine trying the calculate real world value via money substitutes issued and control by governments, who inflate and manipulate the supply at will. If we factors in all these obstacles, along with human economical interactions, Bitcoin is hashing overtime trying to keep up with human action.
Unlike bitcoin, the reason the dollar doesn’t seem volatile is because there’s no real time dollar depreciation tracker showing the current value of the dollar. Now imagine if there was a real time dollar depreciation tracker. You wouldn’t think twice about stacking and spending sats.
When we think about what is Bitcoin-
Unless you happened to be alive under the gold standard, bitcoin is the only real money you’ve ever known.
Secure the network. Use bitcoin and never buy fiat.
Dion / Dion Wilson
npub1r5…y5wyx
2025-01-31 02:14:52
Author Public Key
npub1r53a5pazpuwlrpdf576uz58zq8q85jhyycsxx9m8wu00fvefrktsvy5wyxPublished at
2025-01-31 02:14:52Event JSON
{
"id": "c7083dacc1701d9e1d53a73c9ccaea355282bb1b4cd4b62aa1e8ff66bf00ca72",
"pubkey": "1d23da07a20f1df185a9a7b5c150e201c07a4ae42620631767771ef4b3291d97",
"created_at": 1738289692,
"kind": 1,
"tags": [
[
"p",
"b6494a74d18a2dfa3f80ced9fadae35807716fce1071e4de19e2d746b6d87606"
],
[
"p",
"df3d362a56e82a6ef2139bca7360eb0c5024254ea0d58968e63b67383c765ec9"
],
[
"p",
"91a0d353baad72fab5a00907cc84fec78dbd4c6443423a8c8f68875b67766939"
]
],
"content": "Awesome meetup nostr:npub1key55ax33gkl50uqemvl4khrtqrhzm7wzpc7fhseutt5ddkcwcrqgxlt3h with the nostr:npub1mu7nv2jkaq4xausnn098xc8tp3gzgf2w5r2cj68x8dnns0rktmysnsj5cl and nostr:npub1jxsdx5a644e04ddqpyruep87c7xm6nrygdpr4ry0dzr4kemkdyus3anpr2 team. \n\nTopic of the evening: Bitcoin as a Medium of Exchange. \n\nOne of the general consensus seems to be that bitcoin is too volatile to be a MOE as of now. \n\nThis brings me back to the root of Bitcoin. The primary incentive for Satoshi’s time spent creating the Bitcoin technology. \n\nWhen we think about the purpose of Bitcoin- To transact in a peer to peer open verifiable decentralize network\n\nWhen we think about the value you of bitcoin- the would be value of the fiat currency you hold IF it was real money. \n\nWhich brings us to bitcoins volatility. Imagine trying the calculate real world value via money substitutes issued and control by governments, who inflate and manipulate the supply at will. If we factors in all these obstacles, along with human economical interactions, Bitcoin is hashing overtime trying to keep up with human action. \n\nUnlike bitcoin, the reason the dollar doesn’t seem volatile is because there’s no real time dollar depreciation tracker showing the current value of the dollar. Now imagine if there was a real time dollar depreciation tracker. You wouldn’t think twice about stacking and spending sats. \n\nWhen we think about what is Bitcoin-\nUnless you happened to be alive under the gold standard, bitcoin is the only real money you’ve ever known. \n\nSecure the network. Use bitcoin and never buy fiat. ",
"sig": "84e24c4f386cf4199b952fca20584ec0e2d6728d147b97e724514d143c8752e5abee87caa53c82eceb8eebf5aa588cc259481ad9e8d1887b470aab81327f8f79"
}